MEDIUMOutside partyCustomer
35%
FedEx
“10-K Item 1: 'Revenues from MAC and CSA’s contracts with FedEx accounted for approximately 35% and 39% of the Company’s consolidated revenue for the fiscal years ended March 31, 2026 and 2025, respectively.'”
AIRTP · Concentration risk · 10-K extracted
Air T, Inc. - Trust Preferred S (AIRTP) concentration risks
Updated
The most significant concentration Air T, Inc. - Trust Preferred S discloses is FedEx at 35%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Air T, Inc. - Trust Preferred S’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Air T's disclosed concentration risk is a single, moderate customer dependency: revenues from MAC and CSA's contracts with FedEx accounted for approximately 35% of the company's consolidated revenue for the fiscal year ended March 31, 2026, down from 39% in the prior year. This is a dependency-type exposure rather than a structural feature of the business, meaning it reflects a specific counterparty relationship rather than an inherent characteristic of the operating model. The share, while still notable at over a third of consolidated revenue, has been trending down year over year, which is a modest positive signal even though the underlying concentration remains a meaningful factor in the company's revenue base. With no other concentration disclosed in the sources provided, the FedEx relationship is the dominant swing factor for Air T: any material change in the terms, scope or continuation of the MAC and CSA contracts with FedEx would have an outsized effect on consolidated revenue relative to a more diversified customer base.
For the engine’s reasoning on AIRTP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Conglomerates
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AIRTP● | Air T, Inc. - Trust Preferred S | 0 | 1 | 0 | 1 |
| CODI | D/B/A Compass Diversified Holdi | 0 | 1 | 0 | 1 |
| DLX | Deluxe Corporation | 0 | 1 | 0 | 1 |
| FBYD | Falcon's Beyond Global, Inc. | 0 | 1 | 0 | 1 |
| BOC | Boston Omaha Corporation | 0 | 0 | 0 | 0 |
| FIP | FTAI Infrastructure Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.